I just found a check that I got from a family friend for my graduation, I originally recieved it last June. Am I still able to cash the check?
2007-01-28 07:09:15 · 8 answers · asked by slipperywhenwet7800 2 in Business & Finance ➔ Personal Finance
Checks are usually valid for 90 days. You can call the financial institution which is on the the check and look into their policy regarding uncashed checks. One other thing you can do is call the person(s) who gifted you with the check, let them know that you still have not cashed it, and ask if they can issue a new one. Make sure you cash the reissued one ASAP.
2007-01-28 07:14:31 · answer #1 · answered by JADE 6 · 1⤊ 0⤋
In the U.S., there used to be a regulation that stated that a check was stale-dated after six months, and that it was up to the drawee bank's discretion if they wanted to pay it. I would deposit it, just in case...and if you have nothing against a 2-5 business day hold (in compliance with Regulation CC), I would put a hold on it as well, in case it does come back unpaid. However....the six months no longer applies, as of a couple months ago. That regulation was repealed. If you can contact the maker of the check, do so, to make sure there isn't a stop payment on it, and to make sure that the person has enough funds in their account to cover it, and that the account is still open. If not, try contacting the drawee bank to verify that the account is open. Then deposit it, preferably with a hold.
2016-03-29 06:40:02 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Most places will cash a check up to 180 days after it was issued.
2007-01-28 07:11:52 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You probably should call the people who sent it to you and find out if they are alright with it, but most of the time you have a 90 day period to cash the checks.
2007-01-28 07:13:12 · answer #4 · answered by Jenna 2 · 1⤊ 0⤋
It depends on the bank, but 6 months is usually the cutoff. You should let the friend know so they can update their check register. Also, leave it up to them as to whether they want to replace the check or not. At the very least let them know what happened.
2007-01-28 07:23:08 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Typically they expire after 6-months. Best thing would be to get a replacement from friend.
2007-01-28 07:12:53 · answer #6 · answered by smiling_freds_biz_info 6 · 0⤊ 0⤋
nope. you have 6 months before it becomes stale dated
2007-01-28 07:12:43 · answer #7 · answered by bulletprooflonliness 4 · 1⤊ 0⤋
yes
2007-01-28 08:29:31 · answer #8 · answered by scott r 1 · 0⤊ 0⤋